| April 2013 | Fundamentals and Sovereign Risk of Emerging Markets
with Yothin Jinjarak, Donghyun Park: w18963
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| March 2013 | Why do emerging markets liberalize capital outflow controls? Fiscal versus net capital flow concerns
with Gurnain Kaur Pasricha: w18879
|
| November 2012 | Macroeconomic Adjustment and the History of Crises in Open Economies
with Ilan Noy: w18527
|
| June 2012 | Income inequality, tax base and sovereign spreads
with Yothin Jinjarak: w18176
|
| The Euro and the global crises: finding the balance between short term stabilization and forward looking reforms
w18138
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| May 2012 | Developing countries’ financial vulnerability to the euro crisis: An event study of equity and bond markets
with Yothin Jinjarak, Minsoo Lee, Donghyun Park: w18028
|
| March 2012 | Central Banks and Gold Puzzles
with Kenta Inoue: w17894
|
| February 2012 | Trilemma Policy Convergence Patterns and Output Volatility
with Hiro Ito: w17806
|
| December 2011 | Adjustment patterns to commodity terms of trade shocks: the role of exchange rate and international reserves policies
with Sebastian Edwards, Daniel Riera-Crichton: w17692
|
| October 2011 | Financial Sector Ups and Downs and the Real Sector: Up by the stairs, down by the parachute
with Brian Pinto, Vladyslav Sushko: w17530
|
| Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990-2010
with Yothin Jinjarak, Donghyun Park: w17502
|
| September 2011 | The Fiscal Stimulus of 2009-10: Trade Openness, Fiscal Space and Exchange Rate Adjustment
with Yothin Jinjarak: w17427
|
| What is the Risk of European Sovereign Debt Defaults? Fiscal Space, CDS Spreads and Market Pricing of Risk
with Michael M. Hutchison, Yothin Jinjarak: w17407
|
| August 2011 | The Fiscal Stimulus of 2009-2010: Trade Openness, Fiscal Space, and Exchange Rate Adjustment
with Yothin Jinjarak
in NBER International Seminar on Macroeconomics 2011, Jeffrey Frankel and Christopher Pissarides, organizers
|
| July 2011 | Capital flows: Catalyst or Hindrance to economic takeoffs?
with Vladyslav Sushko: w17258
|
| Capital Flow Types, External Financing Needs, and Industrial Growth: 99 countries, 1991-2007
with Vladyslav Sushko: w17228
|
| February 2011 | Net Fiscal Stimulus During the Great Recession
with Gurnain Kaur Pasricha: w16779
|
| December 2010 | Determinants of Financial Stress and Recovery during the Great Recession
with Gurnain Kaur Pasricha: w16605
|
| November 2010 | De facto Fiscal Space and Fiscal Stimulus: Definition and Assessment
with Yothin Jinjarak: w16539
|
| October 2010 | Fiscal fragility: what the past may say about the future
with Gurnain Kaur Pasricha: w16478
|
| From the Great Moderation to the global crisis: Exchange market pressure in the 2000s
with Jaewoo Lee, Vladyslav Sushko: w16447
|
| September 2010 | Asset Class Diversification and Delegation of Responsibilities between Central Banks and Sovereign Wealth Funds
with Reuven Glick: w16392
|
| Exchange Market Pressure and Absorption by International Reserves: Emerging Markets and Fear of Reserve Loss During the 2008-09 Crisis
with Michael M. Hutchison: w16260
|
| April 2010 | Surfing the Waves of Globalization: Asia and Financial Globalization in the Context of the Trilemma
with Menzie D. Chinn, Hiro Ito: w15876
|
| March 2010 | Comment on "Exporting Deflation? Chinese Exports and Japanese Prices"
in China's Growing Role in World Trade, Robert C. Feenstra and Shang-Jin Wei, editors
|
| International reserves and swap lines: substitutes or complements?
with Yothin Jinjarak, Donghyun Park: w15804
|
| February 2010 | On the ease of overstating the fiscal stimulus in the US, 2008-9
with Gurnain Kaur Pasricha: w15784
|
| December 2009 | Using Inflation to Erode the U.S. Public Debt
with Nancy Marion: w15562
|
| November 2009 | Hoarding International Reserves Versus a Pigovian Tax-Cum-Subsidy Scheme: Reflections on the Deleveraging Crisis of 2008-9, and a Cost Benefit Analysis
w15484
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| October 2009 | The financial crisis and sizable international reserves depletion: From 'fear of floating' to the 'fear of losing international reserves'?
with Yi Sun: w15308
|
| August 2009 | Adjustment of State Owned and Foreign-Funded Enterprises in China to Economic Reforms,1980s-2007: a logistic smooth transition regression (LSTR) approach
with Nan Geng: w15274
|
| May 2009 | Financial Crisis and the Paradox of Under- and Over-Regulation
w15018
|
| March 2009 | Selective Swap Arrangements and the Global Financial Crisis: Analysis and Interpretation
with Gurnain Kaur Pasricha: w14821
|
| On the Paradox of Prudential Regulations in the Globalized Economy: International Reserves and the Crisis a Reassessment
w14779
|
| December 2008 | Inflation Targeting and Real Exchange Rates in Emerging Markets
with Michael Hutchison, Ilan Noy: w14561
|
| Sovereign Wealth Funds: Stylized Facts about their Determinants and Governance
with Reuven Glick: w14562
|
| Assessing the Emerging Global Financial Architecture: Measuring the Trilemma's Configurations over Time
with Menzie D. Chinn, Hiro Ito: w14533
|
| October 2008 | The US as the "Demander of Last Resort" and its Implications on China's Current Account
with Yothin Jinjarak: w14453
|
| September 2008 | The Internationalization of Venture Capital and Private Equity
with Jake Kendall: w14344
|
| June 2008 | Capital Market Imperfections and the Theory of Optimum Currency Areas
with Pierre-Richard Agenor: w14088
|
| April 2008 | Current Account Patterns and National Real Estate Markets
with Yothin Jinjarak: w13921
|
| March 2008 | The Life Cycle of Scholars and Papers in Economics -- the "Citation Death Tax"
with Kenneth Kletzer: w13891
|
| Sterilization, Monetary Policy, and Global Financial Integration
with Reuven Glick: w13902
|
| Links between Trade and Finance: A Disaggregated Analysis
with Ilan Noy
in Financial Markets Volatility and Performance in Emerging Markets, Sebastian Edwards and Márcio G. P. Garcia, editors
|
| The Real Exchange Rate, Mercantilism and the Learning by Doing Externality
with Jaewoo Lee: w13853
|
| January 2008 | Globalization and the Sustainability of Large Current Account Imbalances: Size Matters
with Yi Sun: w13734
|
| September 2007 | Aid Volatility and Poverty Traps
with Pierre-Richard Agénor: w13400
|
| July 2007 | Large Hoarding of International Reserves and the Emerging Global Economic Architecture
w13277
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| May 2007 | Takeoffs
with Mark Spiegel: w13084
|
| January 2007 | Economic Growth with Constraints on Tax Revenues and Public Debt: Implications for Fiscal Policy and Cross-Country Differences
with Kenneth Kletzer, Brian Pinto: w12750
|
| December 2006 | International Reserves Management and the Current Account
w12734
|
| Financial Versus Monetary Mercantilism-Long-run View of Large International Reserves Hoarding
with Jaewoo Lee: w12718
|
| August 2006 | Signaling Credibility --- Choosing Optimal Debt and International Reserves
with Jorge Fernández-Ruiz: w12407
|
| July 2006 | Real Exchange Rate and International Reserves in the Era of Growing Financial and Trade Integration
with Daniel Riera-Crichton: w12363
|
| May 2006 | Prizes for Basic Research -- Human Capital, Economic Might and the Shadow of History
with Ilan Noy: w12226
|
| January 2006 | Globalization and Developing Countries - A Shrinking Tax Base?
with Yothin Jinjarak: w11933
|
| October 2005 | Pegged Exchange Rate Regimes -- A Trap?
with Reuven Glick: w11652
|
| August 2005 | The Collection Efficiency of the Value Added Tax: Theory and International Evidence
with Yothin Jinjarak: w11539
|
| June 2005 | FDI and Trade -- Two Way Linkages?
with Ilan Noy: w11403
|
| May 2005 | International Reserves: Precautionary versus Mercantilist Views, Theory and Evidence
with Jaewoo Lee: w11366
|
| April 2005 | Ex Ante Carrots instead of Ex Post Sticks: Two Examples
w11242
|
| March 2005 | Globalization and Taste Convergence: The Case of Wine and Beer
with Eileen L. Brooks: w11228
|
| February 2005 | Financial Liberalization in Latin-America in the 1990s: A Reassessment
w11145
|
| July 2004 | Sources for Financing Domestic Capital -- Is Foreign Saving a Viable Option for Developing Countries?
with Brian Pinto, Artur Radziwill: w10624
|
| Managing Volatility and Crises: A Practitioner's Guide Overview
with Brian Pinto: w10602
|
| June 2004 | International Reserves Management and Capital Mobility in a Volatile World: Policy Considerations and a Case Study of Korea
with Yeonho Lee, Yeongseop Rhee: w10534
|
| May 2004 | Endogenous Financial and Trade Openness
with Ilan Noy: w10496
|
| February 2004 | Financial Opening: Evidence and Policy Options
in Challenges to Globalization: Analyzing the Economics, Robert E. Baldwin and L. Alan Winters, editors
|
| December 2003 | Endogenous Financial Openness: Efficiency and Political Economy Considerations
with Ilan Noy: w10144
|
| August 2003 | On the Hidden Links Between Financial and Trade Opening
w9906
|
| April 2003 | Military Expenditure, Threats, and Growth
with Reuven Glick: w9618
|
| December 2002 | Volatility, employment and the patterns of FDI in emerging markets
w9397
|
| November 2002 | Institutional Efficiency, Monitoring Costs, and the Investment Share of FDI
with Mark M. Spiegel: w9324
|
| October 2002 | The High Demand for International Reserves in the Far East: What's Going On?
with Nancy Marion: w9266
|
| September 2002 | International Reserve Holdings with Sovereign Risk and Costly Tax Collection
with Nancy P. Marion: w9154
|
| Sargent-Wallace Meets Krugman-Flood-Garber, or: Why Sovereign Debt Swaps Don't Avert Macroeconomic Crises
with Kenneth M. Kletzer, Brian Pinto: w9190
|
| April 2002 | Financial Opening: Evidence and Policy Options
w8900
|
| December 2001 | The Merits of Horizontal versus Vertical FDI in the Presence of Uncertainty
with Nancy Marion: w8631
|
| October 2000 | The Credit Crunch in East Asia: What can Bank Excess Liquid Assets Tell us?
with P.R. Agenor, A. Hoffmaister: w7951
|
| September 2000 | Endogenous Pricing to Market and Financing Costs
w7914
|
| June 2000 | Exchange Rate Regimes and Financial-Market Imperfections
with Ricardo Hausmann: w7738
|
| Savings and the Terms of Trade Under Borrowing Constraints
with Pierre-Richard Agenor: w7743
|
| December 1999 | Financial Sector Inefficiencies and Coordinate Failures: Implications for Crisis Management
with Pierre-Richard Agenor: w7446
|
| October 1999 | Uncertainty and the Disappearance of International Credit
with Nancy P. Marion: w7389
|
| Capital Controls and Financial Crises
w7398
|
| July 1999 | Reserve Uncertainty and the Supply of International Credit
with Nancy Marion: w7202
|
| March 1999 | Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?
with Stephen J. Turnovsky: w7004
|
| December 1998 | Contagion, Bank Lending Spreads and Output Fluctuations
with P.R. Agenor, A. Hoffmaister: w6850
|
| November 1998 | Volatility and the Welfare Costs of Financial Market Integration
with Pierre-Richard Agenor: w6782
|
| August 1998 | Capital Mobility in a Second Best World -- Moral Hazard With Costly Financial Intermediation
w6703
|
| April 1998 | Privatization in Emerging Markets
w6524
|
| December 1997 | Volatility and Financial Intermediation
with Andrew Powell: w6320
|
| August 1997 | Controlled Openness and Foreign Direct Investment
with Sang-Seung Yi: w6123
|
| July 1997 | Contagion and Volatility with Imperfect Credit Markets
with Pierre-Richard Agenor: w6080
|
| March 1997 | International Portfolio Diversification with Generalized Expected Utility Preferences
w5965
|
| November 1996 | New Activities, the Welfare Cost of Uncertainty and Investment Policies
w5825
|
| Volatility and the Investment Response
with Nancy P. Marion: w5841
|
| May 1996 | Optimal Tax and Debt Policy with Endogenously Imperfect Creditworthiness
with Michael Gavin, Ricardo Hausmann: w5558
|
| January 1996 | Wage Dispersion and Technical Progress
with Pierre-Richard Agenor: w5417
|
| December 1995 | Volatility, Investment and Disappointment Aversion
with Nancy Marion: w5386
|
| November 1995 | The Impact of Inflation on Budgetary Discipline
with Ricardo Hausmann: w5338
|
| Optimal Buffer Stocks and Precautionary Savings with Disappointment Aversion
w5361
|
| August 1995 | Capital Markets Integration, Volatility and Persistence
w5241
|
| February 1995 | Investment in New Activities and the Welfare Cost of Uncertainty
w5041
|
| August 1994 | Why is Inflation Skewed? A Debt and Volatility Story
with Ricardo Hausmann: w4837
|
| June 1994 | Macroeconomic Adjustment with Segmented Labor Markets
with Pierre-Richard Agenor: w4769
|
| March 1994 | Foreign Direct Investment, Employment Volatility and Cyclical Dumping
w4683
|
| February 1994 | On The Need For Fiscal Discipline in an Union
w4656
|
| May 1993 | Exchange Rate Flexibility, Volatility, and the Patterns of Domestic and Foreign Direct Investment
w3953
|
| Resource Allocation During the Transition to a Market Economy: Political Implications of Supply Bottlenecks and Adjustment Costs
with Peter Isard: w4366
|
| June 1992 | Foreign Direct Investment as a Commitment Mechanism in the Presence of Managed Trade
w4102
|
| May 1992 | The Competitive Externalities and the Optimal Seignorage
w2937
|
| October 1991 | Trade Dependency, Bargaining and External Debt
w2726
|
| September 1991 | Policy Uncertainty, Persistence and Growth
with Nancy Marion: w3848
|
| August 1991 | Inward Versus Outward Growth Orientation in the Presence of Country Risk
w2868
|
| July 1991 | Foreign Direct Investment, Productive Capacity and Exchange Rate Regimes
w3767
|
| March 1991 | Externalities, Incentives and Failure to Achieve National Objectives in Decentralized Economies
with Peter Isard: w3650
|
| February 1991 | External Debt, Planning Horizon and Distorted Credit Markets
w2662
|
| January 1991 | Trade Reforms, Credibility, and Development
w3600
|
| December 1990 | Soft Budget Constraints, Taxes, and the Incentive to Cooperate
w3561
|
| September 1990 | Capital Controls, Collection Costs, and Domestic Public Debt
with Pablo E. Guidotti: w3443
|
| June 1990 | Externalities, Incentives, and Economic Reforms
with Peter Isard: w3395
|
| May 1990 | Market Power and Exchange Rate Adjustment in the Presence of Quotas
w2370
|
| March 1990 | Investment, Openness, and Country Risk
w2410
|
| September 1989 | Country Risk and Contingencies
w2236
|
| World Integration, Competitive and Bargaining Regimes Switch: an Exploration
w3103
|
| August 1989 | Monopolistic Competition, Relative Prices and Output Adjustment in the Open Economy
w1787
|
| Country Risk, Asymmetric Information and Domestic Policies
w1880
|
| Labor Markets and the Choice of Technology in an Open Developing Economy
w1998
|
| June 1989 | Strategic Investment in a Debt Bargaining Framework
with Eduardo R. Borensztein: w3019
|
| May 1989 | Sectorial Wages and the Real Exchange Rate
with Jacob A. Frenkel: w1801
|
| March 1989 | Debt and Conditionality under Endogenous Terms of Trade Adjustment
with Eduardo R. Borensztein: w2582
|
| February 1989 | Monopolistic Competition and Labor Market Adjustment in the Open Economy
w2152
|
| October 1988 | Successful Adjustment in a Multi-Sectoral Economy
w2202
|
| September 1988 | Inflation, Tariffs and Tax Enforcement Costs
w1712
|
| 1988 | Monopolistic Competition and Labor Market Adjustment in the Open Economy
in Misalignment of Exchange Rates, Richard C. Marston, ed.
|
| July 1987 | Costly Adjustment and Limited Borrowing: A Welfare Analysis of Policiesto Achieve External Balance
with Marcelo Selowsky: w2315
|
| December 1986 | Supply Shocks, Wage Indexation and Monetary Accommodation
with Jacob A. Frenkel: w1609
|
| October 1986 | Targeting Rules for Monetary Policy
with Jacob A. Frenkel: w1881
|
| September 1986 | Stabilization Policies and the Information Content of Real Wages
w1373
|
| Country Risk and Incentives Schemes
w2031
|
| July 1986 | On the Complementarity of Commercial Policy, Capital Controls and Inflation Tax
w1583
|
| June 1986 | Testing Deviations From Purchasing Power Parity (PPP)
w1475
|
| April 1986 | Tariff Liberalization Policy and Financial Restrictions
w1253
|
| March 1986 | Wage Flexibility and Openness
w1108
|
| 1986 | Wage Indexation, Supply Shocks, and Monetary Policy in a Small, Open Economy
with Jacob Frenkel
in Economic Adjustment and Exchange Rates in Developing Countries, Sebastian Edwards and Liaquat Ahamed, eds.
|
| November 1985 | Adjustment to Monetary Policy and Devaluation Under Two-Tier and Fixed Exchange Rate Regimes
w1107
|
| September 1985 | Openness, Relative Prices and Macro Policies
w1233
|
| Optimal Wage Indexation, Foreign-Exchange Intervention and Monetary Policy
with Jacob A. Frenkel: w1329
|
| 1985 | Monopolistic Competition and Deviations from PPP
w1552
|
| November 1984 | Optimal Wage Re-Negotiation
w1279
|
| August 1984 | Modeling Deviations from Purchasing Power Parity (PPP)
w1066
|
| June 1984 | A Theory of Current Account and Exchange Rate Determinations
w1177
|
| April 1984 | Optimal Price Adjustment with Time-Dependent Costs
w1319
|
| June 1983 | Wage Contracts with Incomplete and Costly Information
w1150
|
| March 1983 | Aspects of the Optimal Management of Exchange Rates
with Jacob A. Frenkel: w0748
|
